Tag Archives: property rights

Short summary. Worth read. Eric Falkenstein is a financial economist rather than a historian but he has done his research on this.FalkenblogThe History of Individual Property Rights Eric Falkenstein

In a previous essay, I announced a new concept of the invisible hand to replace the old and erroneous idea that the pursuit of self-interest robustly benefits the common good. The new version is based on examples of the invisible hand that exist in nature, such as cells that benefit multi-cellular organisms and social insects that benefit their colonies. These lower-level units don’t have the welfare of the higher-level units in mind. They don’t even have minds in the human sense of the...

I think of the debate over net neutrality as a fight over the rules of the game where the game is the delivery of information and entertainment. There are big corporations arguing all sides of the issue. All of them are happy to explain how the position they advocate will benefit the public. But nobody seems interested in discussing issues pertaining to the very bedrock on which the communication industry is based. That bedrock is the right of the way...

Buying versus renting. Is buying over in the drive for rent-seeking? The Enlightened Economist Property is – theft?Diane Coyle | freelance economist and a former advisor to the UK Treasury. She is a member of the UK Competition Commission and is acting Chairman of the BBC Trust, the governing body of the British Broadcasting Corporation